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Tidewater announces TransAlta ownership interest in Pioneer pipeline

Tidewater announces TransAlta ownership interest in Pioneer pipeline

Tidewater Midstream and Infrastructure Ltd. has announced that TransAlta has exercised its option to acquire a 50 percent ownership interest in the Pioneer pipeline connecting the Tidewater owned Brazeau River Complex to TransAlta's generating units in the Keephills and Sundance area. Tidewater will construct and operate the 120 km natural gas pipeline, with an 11km lateral connecting to Sundance, which will have an initial throughput of 130 MMcf/d with the potential to expand to approximately 440 MMcf/d.  The project is supported by a 15 year take or pay commitment from TransAlta.  TransAlta's investment will be approximately $90 million.  Construction of the 120km pipeline commenced last month and is expected to be fully operational by the second half of 2019. TransAlta's investment is subject to final regulatory approval of the lateral and licence transfers from Tidewater to the partnership.

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